TiVo (NASDAQ: TIVO) on Wednesday afternoon reported its fourth-quarter earnings. Surprisingly, TiVo turned profitable this quarter, as it earned $0.01 per share or $700,000. The stock is currently down $0.34 for the day, the company has not moved in after-hours trading.

This brings the stock to $12.83.

Below are some key metrics regarding not only this quarter's performance but also future performance:

• The company reported aggregate revenue of $106.3 million in the fourth-quarter.

• TiVo had a loss of 0.13 per share in the fourth quarter of 2013.

• TiVo's total subscriptions skyrocketed 34 percent and now stand at an aggregate total of 4.2 million.

• TiVo experienced record full-year Service and Technology revenues, and Net Income.

This is what the President and CEO Tim Rogers had to say about the company's performance:

“This was another solid quarter for TiVo and a very strong end to a year in which we delivered positive net income for the full Fiscal Year, robust Adjusted EBITDA growth over the course of the year, and the best year of subscription additions since Fiscal Year 2005 through new deals with major service providers across the globe. This rapid growth, combined with our exciting recent Digitalsmiths acquisition, the work we have done to innovate and create a product that embodies the future of television viewing, and a strategic approach to cash utilization all come together to set the stage for strong performance going forward."

Additionally, TiVo announced an increase of $100 million to repurchase stock. TiVo intends to buyback $100 million in the first quarter of 2015. This was an addition to the $20 million TiVo repurchased in the fourth quarter of Fiscal 2014.

TiVo also reported guidance and expects service and technology revenues to be in the ballpark of $85 to $87 million, which is basically a 40 percent year-over-year increase from the 61.8 million that TiVo reported this quarter.